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let me guess about you , you sound like one of the mentals who would invest in Afren when it defaulted on its senior debt. your analysis of trap shows absolutely no understanding of the company and it's business model. I sold trap yonks ago. But I wouldn't short it no.
Assets worth 46 million,pmsl.. you do realize that Aim Oilers capitilise a lot of their drills onto the balance sheet, including the ones that aren't even commercial Also what about all the other costs ffs.... Love the story about the bank manager, saying here you go.... Trap has no revenue ffs and any assets would go for eff all in a fire sale....
scoop , do you "tip you hat" to the Squire as he walks by ? Sounds like you are a CEOs dream. A Shareholder who doesn't question. Presumably also you think Katy deserved his 30 grand bonus last year, and it is not you place to question that, because Katy is more intelligent than you. I see NOP is down another 10 % today.
I don't really see my posts as disrespecting Mr Bush. And my posts have `"good reason", to add to the discussion. My point of view is that NOP SP will continue to fall. I have a negative outlook but some are confusing this with disrespect.
ha ha, no really there is no problem buying the shares. And still waiting to see that big order going through. Fill your boots 247
btw I tried absolutely no problem buying trap shares.
it's not a bold Statement at all, just an Observation from work and life experience. CEOs aren't particularly clever People. They get to that position by different skills to outright intelligence. But anyway I've seen very clever people misjudge Aim Oilers and how profitable they AREN'T. Clever or stupid , Katy has made mistakes, that other people would not have made.
Why would I email him, Im not even invested here. I know Canada isn't profitable so I also don't need to email him to find that out. Katy probably thinks it is profitable, but you are making the mistake that because he is a CEO he can't be wrong. These guys aren't actually any more clever than us, and Katy has made a mistake.
I haven't tried but cant imagine you would have any trouble buying as many as you wanted...
Mikey What exactly do you think KB has turned around. I think what you might be surprised to know is that Canada wouldn't be profitable at 90$ Oil either. It is not raising it's production profile fast enough.This OP just accelerates what would have been just a slower death. Bonuses are a sideshow, but the salary of Katy is absurd for such a tiny company.
I'm only funning with you Hinkass, it is rather amusing to see people talk about resistance points on a share that is hardly traded and has a MC of less than 2 million. Good luck with your 'investment' , how long do you plan to hold for, a week ?
kline @it will take a while to burn all of £7million of cash@ that's the funniest thing I've heard all week. pmsl..... they are haemorraging cash every month, and I wonder how many oil wells they could drill for that... eh none in the North Sea.... so free carries for everything going forward and hope they hit a gusher.... How is hinais and his investment doing , and two top ups..... did I miss it breaking through the 1.4 resistance..
Yip the PoO is the deal breaker here. If it gets to 85$ by next week they might be alright :-) It might be worth taking a look at whoever sold Athena to Trap , ha ha... I can't remember who it was.
I think hinkais is realizing he might already be trapped in. How's the 1.4 resistance doing btw ?
mould, that's what I thought, you have turned out because of the fall in sp, and don't know much about trap.
mould, it sounds like you are just looking at an Anonymous line on a chart and saying hey it could go up. But look at Trap the company. What do you think it could announce operationally that would cause a bounce.
applying technical analysis to a company with a MCAP of under 2million and talking about 1.4 resistance in a company that is hardly traded... well I got a laugh. Someone said *bought at the bottom*. You mean the bottom for now... Did you read the RNS. Athena revenue was vital for Trap, Athena has now turned loss making... that is a nightmare... So good luck with your investment
7 million in the bank wont last long when Athena is losing 385 a month, the board costs a fortune, and there is no other revenue stream. At least that is what the Market thinks
What an absolutely terrible update. Athena losing 385,000 a month. Good Lord, it was only bought as a Tax Planning tool to offset their exploration and now it's haemorraging cash instead of generating it. And this is now coming after the decommissioning costs bombshell. Good Lord, I wonder how Crap will come back from this.
mikey, believe whatever you want to believe. Im glad I sold when I did, instead of watching Katy turn a 60 million company into a 6 million one. Katy was too inexperienced. The mistakes are there in black and white. At this OP and with not much coming up, this is a stitch on sell